Chủ Nhật, 6 tháng 7, 2014

Contact-less card payments gaining popularity

Contact-less payments using credit and debit cards enabled with Visa payWave or Mastercard PayPass for smaller, everyday purchases have tripled in Singapore over the past year due to their speed and convenience, United Overseas Bank (UOB) said in a statement on Monday.

PHOTOS

File photo of a customer using a contact-less card to make payment. (Photo: Visa)

SINGAPORE: Contact-less payments for smaller, everyday purchases have tripled in Singapore over the past year due to their speed and convenience, United Overseas Bank (UOB) said in a statement on Monday.

It said holders of its credit and debit cards averaged more than 500 contact-less card payments a day in the 12 months to April 2014 — triple the figure for the 12 months to April 2013.

The most frequent users of contact-less card payments are professionals and executives between 30 and 45 years of age, it added.

Contact-less cards are credit and debit cards enabled with Visa payWave or Mastercard PayPass that let people make payments below S$100 by waving the cards before a reader.